One of the worst-affected facilities is the Shanghai East Container Terminal, where there are delays of up to seven days, Maersk said in an advisory this week.
The transportation holding company has set a multi-year “medium-term” LTL revenue target of $2 billion, nearly double its 2023 LTL revenue.
The intermodal provider has become more aggressive in pricing with shippers this year, jockeying with competitors for market share by lowering contractual rates for a second consecutive year.